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A bi-modal inventory study with random lead times


Published September 1973
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Title from cover

"September 1973"--Cover

"NPS-55WS73091A"--Cover

Author(s) key words: Inventory, lead time, air freight

Includes bibliographical references (p. 21)

Technical report; 1973

A single-product continuous review inventory problem is formulated and solved. The chief virtue of the formulation is that the probability distribution of lead times is general. It is found that the optimal order size differs from the Wilson EOQ when holding costs or deterioration rate (both are lumped into a single discount rate) are large, and that it may even be a non-unique quantity. The second (fast) shipment mode enters in the same manner as a stockout cost. (Author)

kmc/kmc 9/14/09


Publisher Monterey, California : Naval Postgraduate School
Pages 34
Language en_US
Call number ocn436444970
Digitizing sponsor Naval Postgraduate School, Dudley Knox Library
Book contributor Naval Postgraduate School, Dudley Knox Library
Collection navalpostgraduateschoollibrary; fedlink; americana
Notes some content may be lost due to the binding of the book.

Full catalog record MARCXML

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